Investing.com - Ingersoll Rand (NYSE:IR) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ingersoll Rand announced earnings per share of $0.4 on revenue of $1.34B. Analysts polled by Investing.com anticipated EPS of $0.31 on revenue of $1.27B.
Ingersoll Rand shares are down 1% from the beginning of the year, still down 7.65% from its 52 week high of $38.96 set on February 21. They are under-performing the S&P 500 which is up 2.46% from the start of the year.
Ingersoll Rand shares gained 0.72% in after-hours trade following the report.
Ingersoll Rand follows other major Capital Goods sector earnings this month
Ingersoll Rand's report follows an earnings beat by ASML ADR on October 14, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Honeywell had beat expectations on Friday with third quarter EPS of $1.56 on revenue of $7.8B, compared to forecast for EPS of $1.49 on revenue of $7.66B.
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